Hillary Couldn’t Buy the Presidency for $600 Million, Bloomberg Won’t for $100 Million

Hillary Clinton couldn’t buy the White House for $600 million. What makes Bloomberg think he can buy it for a partly $100 million?

Billionaire Mike Bloomberg is prepared to spend well over the $100 million he put into his last campaign for New York City mayor if he runs for president in 2020. And he does not plan to accept any outside money from political action committees if he jumps into the race, CNBC has learned.

Howard Wolfson, Bloomberg’s top political advisor, in an email hinted at how much his boss would look to invest into his own potential campaign for president.

“Mike spent more than $100 million in his last mayor’s race. Last time I looked, NYC is a fraction of the size of the country as a whole,” he explained. The last time he ran for public office was in 2009, when he ran for re-election as mayor for a third term and pulled off a victory as an independent.

New York has 8 million people. The United States of America has slightly more.

Bloomberg spent more than $110 million backing Democrats during the 2018 congressional midterm elections. When asked if he would spend at least that on his own campaign, Wolfson replied, “Whatever is required.”